A bill to assist the Secretary of Housing and Urban Development in stabilizing the Home Equity Conversion Mortgage program.2013-03-07T07:01:11Z469SM000639Sen. Menendez, Robert [D-NJ]ROBERT7918239M000639MENENDEZDNJG000555NY2013-03-11E.KirstenDSen. Gillibrand, Kirsten E. [D-NY]GillibrandFalse18668336G0005551256CRSRelated billSwap Jurisdiction Certainty ActHR113Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.2013-06-131376CRSRelated billFHA Solvency Act of 2013S113Placed on Senate Legislative Calendar under General Orders. Calendar No. 275.2013-12-19113Official Title as IntroducedA bill to assist the Secretary of Housing and Urban Development in stabilizing the Home Equity Conversion Mortgage program.Display TitleA bill to assist the Secretary of Housing and Urban Development in stabilizing the Home Equity Conversion Mortgage program.2013-03-06Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 113-61.2013-06-18SenateHousing and Community DevelopmentHousing finance and home ownershipHousing for the elderly and disabledResidential rehabilitation and home repair32013-06-18ssbk09Housing, Transportation, and Community Development Subcommittee0SenateCommittee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 113-61.Committee2013-03-06ssbk00Banking, Housing, and Urban Affairs Committee0SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.IntroReferralIntroduced in SenateIntroReferral2013-03-06100009Library of Congress1112013-04-02T16:20:52Z2013-03-06T05:00:00ZIntroduced in Senate2013-03-06Amends the National Housing Act to require that, to be eligible for insurance under the Home Equity Conversion Mortgage program for elderly homeowners, a mortgage contain terms and provisions with respect to property maintenance as well as for establishing escrow accounts, performing financial assessments, or limiting the amount of any payment made available under the mortgage.

Authorizes the Secretary of Housing and Urban Development (HUD) to establish any additional or alternative requirements necessary to more effectively carry out such Act.

]]>Introduced in Senate002016-10-25T16:21:29ZStandingHousing, Transportation, and Community Development Subcommitteessbk09Hearings by2013-06-18T19:07:49ZBanking, Housing, and Urban Affairs CommitteeReferred to2013-03-06T17:38:15Zssbk00SenateHousing and Community Developmenttext/xmlENPursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.Congressional Research Service, Library of CongressThis file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.